Innovative Strategies For Tax Controversies, Business Structuring And Estate Planning
HELP PREVENT THE YEAR-END VACATION-TIME SCRAMBLE WITH A PTO CONTRIBUTION ARRANGEMENT Many businesses find themselves short-staffed from Thanksgiving through December 31 as employees take time off to spend with family and friends. But if you limit how many vacation...
When a house is foreclosed, or there is a deed in lieu of foreclosure, some mortgage companies make a deal with the owner or tenant. Usually the deal works like this: the owner agrees to leave the property on a certain date and broom swept condition without taking any...
The New Jersey Division of Taxation announced the end of urban enterprise zones for sales tax: Bridgeton Camden Newark Plainfield Trenton The former 3% rate for these urban enterprise zones for sales tax will be changed to the full rate of 6.875% starting January 1,...
New Jersey has long had the highest state estate tax in the country. Any estate over $675,000 would owe tax to the state of New Jersey. This could be very substantial and was a significant reason for many taxpayers, especially retirees, to move from New Jersey to more...
The Internet is filled with reports from a recent article in the Journal of American Public Health showing that a sugar tax cuts consumption of sugar sweetened soda. This plays right into the hands of Bradford manufacturers! You are probably thinking I am crazy, but...
Congress refuses to actually simplify the Internal Revenue Code. Since the 1986 tax Reform Act, Congress has passed more than 30,000 amendments to the Internal Revenue Code. Instead of simplification, Congress is now proposing a disguise tax increase for businesses....
WHAT’S NEW ON THE 2016 DRAFT FORM 1040 AND RELATED FORMS AND SCHEDULES IRS has released on its website a number of draft tax forms and instructions for the 2016 tax year, including Form 1040 and its related schedules. This Practice Alert, which appears in two parts,...
You remember all the famous cases about politicians not reporting domestic employees for Social Security taxes? The unofficial term is the “nanny tax.” The rule, as announced by the Social Security Administration, is quite simple. If you pay any individual domestic...
This is an article just announced on the Thompson Reuters Website: Disaster victims in Florida qualify for tax relief IRS has announced on its website that victims of Hurricane Hermine in counties of Florida that are designated as federal disaster areas… DISASTER...
The controversy swirling around Donald Trump’s tax returns is getting more and more ridiculous. First, Donald Trump is continually being audited by the IRS and many state tax agencies. There is absolutely no way his tax attorneys would ever let him release his tax...
